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The pig industry is undergoing changes! "Cost reduction" has become the key to success or failure. Are publicly listed pig companies experiencing better-than-expected profit improvements?
Under the dual effect of rising Pork prices and falling costs, the profitability of listed pig farming companies is rapidly improving.
Express News | leshan giantstar farming&husbandry corporation: the application for issuing stocks to specific entities has been accepted by the Shanghai Stock Exchange.
leshan giantstar farming&husbandry corporation (603477.SH): Cumulatively repurchased 0.27% of the company's shares
On November 27, Ge Long Hui reported that leshan giantstar farming&husbandry corporation (603477.SH) announced that on November 27, 2024, the company repurchased a total of 1,379,200 shares through the centralized bidding trading system of the shanghai stock exchange, accounting for 0.27% of the company's current total share capital of 510,070,216 shares, with a maximum repurchase price of 19.05 yuan per share and a minimum repurchase price of 18.19 yuan per share, for a total amount of 25,832,698.31 yuan (excluding trading commissions and other transaction costs).
CICC: In October, pig prices continued to decline, while the number of animals slaughtered continued to increase slowly.
From October to mid-November, the pig price continues to decline, but the decline is slow and resilient, mainly due to the small increase in supply and the low acceptance of low prices by the breeding side.
Express News | Dongxing Securities: The scale of profits of breeding enterprises for the whole year may be considerable.
dongxing: The average price of pork in October has adjusted, and the profitability of leading breeders continues to be realized.
There are issues with the end-of-year actual slaughter volume of group enterprises on the supply side, as well as industry pressure to increase weights. On the demand side, traditional consumer boosts such as colder weather and the approaching traditional Chinese lunar new year may stimulate demand. In the game of supply and demand, prices in the future may experience a phase of rebound.